The Representative Church Body – Report 2011 THE REPRESENTATIVE BODY OF THE CHURCH OF IRELAND NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
PAGE 17
6 GENERAL FUNDS Balance at 1.1.10 €'000 Realised value Unrealised surplus/(deficit) on revaluation of investments Unrealised surplus on revaluation of property
Capital Loss on Revaluation Currency changes/ investment movements translation sales movements movements €'000 €'000 €'000 €'000
136,194
2,280
(4,198)
6,561
-
-
367
-
-
143,122
2,280
(4,198)
(555)
Balance at 31.12.10 €'000
-
133,721
-
5,051
11,612
-
-
367
5,051
145,700
(555)
General Funds capital changes records the transfer of €5.0m to support the solvency of the Clergy Pension Fund, less reinvestments of funds resulting from the realised profit on the sale of a property less reorganisation costs (€642k - see note 17) and the annual repayment of funds from the Building and Computer development reserves (€160k - see note 7). 7 GENERAL RESERVES
Allocations reserve Staff pension FRS 17 Building development reserve Computer development reserve Staff pensions reserve
Balance at 1.1.10
Surplus
€'000
€'000
4,116
550
19
(642)
-
-
(943)
-
886
-
-
(85)
-
801
375
-
-
(75)
-
300
89
2
-
-
91
3,214
552
19
(2,252)
Currency translation movements €'000
66
Capital Revaluation Balance at changes movements 31.12.10 €'000
(1,745)
€'000 (242)
(242)
€'000 3,801 (3,195)
1,798